Clal Insurance Enterprises Holdings Ltd Grows Stock Holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Clal Insurance Enterprises Holdings Ltd grew its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,789,561 shares of the company’s stock after purchasing an additional 18,400 shares during the quarter. Enlight Renewable Energy comprises approximately 1.4% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 22nd largest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 0.08% of Enlight Renewable Energy worth $151,927,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ENLT. Geode Capital Management LLC raised its position in shares of Enlight Renewable Energy by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after buying an additional 907 shares during the period. Tidal Investments LLC raised its position in shares of Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock valued at $308,000 after buying an additional 1,852 shares during the period. Advisors Asset Management Inc. raised its position in shares of Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after buying an additional 13,150 shares during the period. Barclays PLC raised its position in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock valued at $432,000 after buying an additional 24,942 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Enlight Renewable Energy during the 3rd quarter valued at approximately $655,000. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy Stock Down 2.4 %

Enlight Renewable Energy stock opened at $16.89 on Friday. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. The firm has a 50 day moving average price of $16.90 and a 200 day moving average price of $16.33. The company has a market capitalization of $1.95 billion, a PE ratio of 46.92 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.17. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. Research analysts expect that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Wolfe Research lowered shares of Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 20th.

Enlight Renewable Energy Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.